Marc Andreessen's Soul Is Prepared For The Tech Bubble, How's Yours?

There is a profile of Silicon Valley's famous-est venture capitalist, Marc Andreessen, in today's New York Times. The piece is a nice, "revealing" look into the enormous head mind of tech's foremost money man.

While there are quite a few highlights - Andreessen's mentor was Mike Ovitz and he is notorious for inflating the valuations of startups by competitively bidding to fund them - the most telling, and perhaps most essential passage, in the story comes almost at the very end.

Naturally, Mr. Andreessen has argued that the tech market is rational — that tectonic forces, like the proliferation of smartphones, have fundamentally changed the value of popular software. But even Mr. Andreessen has expressed some concern. Last September, he posted on Twitter: “When the market turns, and it will turn, we will find out who has been swimming without trunks on.” He warned that companies that hadn’t conserved their cash would “vaporize.”

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Basically, one of the men perhaps most responsible for the looming tech bubble thinks that there is going to be some rough weather ahead and a lot of people are going to get really f*cked when it hits. Especially if the water is cold and they didn't bring a suit.